Qudian Inc. (NYSE:QD - Get Free Report)'s share price was up 3.2% during trading on Friday . The company traded as high as $2.66 and last traded at $2.61. Approximately 71,312 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 699,639 shares. The stock had previously closed at $2.53.
Qudian Price Performance
The firm has a market capitalization of $579.74 million, a P/E ratio of 72.25 and a beta of 0.73. The company has a fifty day moving average of $2.53 and a 200 day moving average of $2.09.
Institutional Investors Weigh In On Qudian
Several large investors have recently modified their holdings of the company. Ballentine Partners LLC boosted its position in Qudian by 91.4% during the second quarter. Ballentine Partners LLC now owns 21,934 shares of the company's stock valued at $43,000 after acquiring an additional 10,476 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Qudian during the 3rd quarter valued at about $32,000. BNP Paribas Financial Markets grew its stake in Qudian by 248.8% during the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company's stock worth $61,000 after purchasing an additional 20,400 shares during the period. XTX Topco Ltd acquired a new stake in Qudian during the third quarter worth approximately $50,000. Finally, Caprock Group LLC bought a new stake in Qudian in the second quarter worth approximately $65,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.
Qudian Company Profile
(
Get Free Report)
Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.
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